Common use of Interest and Payments Clause in Contracts

Interest and Payments. Interest shall accrue and be paid to Lender on the outstanding and unpaid principal amount of the Loan at the rate of 8.0% per annum, computed on the basis of the actual number of days elapsed and a year of 360 days consisting of twelve 30 day months. Payments of principal and interest will be made to Lender in the manner specified in the Note. The principal amount of the Loan may be prepaid in whole or in part at any time and from time to time without premium or penalty.

Appears in 1 contract

Samples: Loan Agreement (Softbank Holdings Inc Et Al)

AutoNDA by SimpleDocs

Interest and Payments. Interest shall accrue and be paid to Lender on the outstanding and unpaid principal amount of the Loan at the rate of 8.04.98% per annum, computed on the basis of the actual number of days elapsed and a year of 360 days consisting of twelve 30 day months. Payments of principal and interest will be made to Lender in the manner specified in the Convertible Subordinated Note. The principal amount of the Loan may be prepaid in whole or in part at any time and from time to time without premium or penalty.

Appears in 1 contract

Samples: Subordinated Loan Agreement (Softbank Holdings Inc Et Al)

Interest and Payments. Interest shall accrue and be paid to Lender on --------------------- the outstanding and unpaid principal amount of the Loan at the rate of 8.04.98% per annum, computed on the basis of the actual number of days elapsed and a year of 360 days consisting of twelve 30 day months. Payments of principal and interest will be made to Lender in the manner specified in the Convertible Subordinated Note. The principal amount of the Loan may be prepaid in whole or in part at any time and from time to time without premium or penalty.

Appears in 1 contract

Samples: Subordinated Loan Agreement (Global Sports Inc)

Interest and Payments. Interest shall accrue and be paid to Lender on --------------------- the outstanding and unpaid principal amount of the Loan at the rate of 8.07% per annum, computed on the basis of the actual number of days elapsed and a year of 360 days consisting of twelve 30 day months. Payments of principal and interest will be made to Lender in the manner specified in the Convertible Note. The principal amount of the Loan may be prepaid in whole or in part at any time and from time to time without premium or penalty.

Appears in 1 contract

Samples: Loan Agreement (Peoplepc Inc)

AutoNDA by SimpleDocs

Interest and Payments. Interest shall accrue and be paid to Lender on the outstanding and unpaid principal amount of the Loan at the rate of 8.0% per annum, computed on the basis of the actual number of days elapsed and a year of 360 days consisting of twelve 30 day months. Payments of principal and interest will be made to Lender in the manner specified in the Note. The principal amount of the Loan may be prepaid in whole or in part at any time and from time to time without premium or penalty.the

Appears in 1 contract

Samples: Loan Agreement (First Virtual Holdings Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!